⚡️ Key Levels Watch: Consolidation Before Next Move?

Market sentiment appears cautious as price action for $BTC consolidates. After recent attempts to break higher (around the 110k-112k mark) met resistance, we're observing sideways movement. This suggests the market might be digesting recent economic data releases and broader market signals, or simply building momentum for its next significant move. Key scenarios to watch:

📈 Long Outlook: A sustained break and hold above the 108,000 resistance could signal a renewed push towards 110,000 and potentially higher. This would be a spot entry consideration.

📉 Short Outlook: If current support around 105,000 fails to hold (current price hovering near $104,000-$105,000 according to some sources, or slightly higher based on charts provided), we might see a deeper correction towards the 102,500-103,000 zone. Traders could consider this for tactical short plays (use leverage cautiously if experienced).

Always navigate with vigilance. Geopolitical tensions and macroeconomic factors continue to influence the market, so stay informed.

NFA/DYOR.

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